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Why Shares of MercadoLibre Climbed 14.1% in July


Shares of MercadoLibre (NASDAQ: MELI) rose 14.1% in July, according to data provided by S&P Global Market Intelligence.

Year to date, shares of the e-commerce company have soared by 84.3% while hitting new all-time highs, giving the company a market capitalization of close to $56 billion.

Image source: Getty Images.

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Source Fool.com

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